Digital Transactions Authoritative, insightful and timely information for payments professionals
There are few subjects that raise the ire of merchants more than the runaway costs of card acceptance. For years, many have grumbled about the costs but felt powerless to do anything about them. Now, as the result of a chain of court victories at the state and federal level, …
December, 2021
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15 December
16% Have Made a Crypto Payment and other Digital Transactions News briefs from 12/15/21
New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …
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14 December
KyckGlobal And ACI Team Up to Give Businesses More Options For Disbursements
Building on its strategy of enabling businesses to offer more, and speedier, options when it comes to disbursements, digital payments firm KyckGlobal Inc. is partnering with ACI Worldwide Inc. The partnership will enable businesses to initiate payments, such as refunds or insurance claims, to consumers through PayPal, Venmo, ACH, prepaid …
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14 December
Klarna Teams With GoCardless to Ease Installments Via Account-to-Account Transfers
Sweden’s Klarna AB has 21 million users in the U.S. market for its buy now, pay later app, but it wants a lot more. On Tuesday, it announced it will ease payments for its users by letting them pay off installments via direct transfers from their bank account. The service …
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14 December
Celero Acquires Everest and other Digital Transactions News briefs from 12/14/21
Celero Commerce said it acquired Everest Payment Solutions. Terms were not disclosed. With Everest, Celero will serve more than 45,000 merchants that process more than $18 billion in annual card volume.Digital ordering and payments technology, which gained prominence with the pandemic, has made customers more impatient, with 64% indicating they won’t …
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13 December
Eye on Prepaid: Consumers Lean to Gift Cards to Avoid Delays; EML Launches a Virtual Gift Card
Despite consumers’ intentions to spend more on gifts this holiday season than in 2020, concerns about ongoing shipping delays and low product inventories are making gift cards a more attractive gift option. Indeed, 33% of consumers say they would purchase a gift card if they were unable to get a …
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13 December
Wells And HSBC Unveil a Blockchain for Faster And Cheaper Cross-Border Transfers
The world’s banking giants may or may not adopt cryptocurrencies at some point, but they are clearly looking to adopt the distributed-ledger technology that undergirds digital money. In the latest such move, Wells Fargo & Co. and HSBC Bank plc early Monday announced they have agreed to process cross-border transactions …
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13 December
Equifax’s New Vetting Service and other Digital Transactions News briefs from 12/13/21
The giant credit bureau Equifax Inc. launched Onboard Connect, a service that the company says offers near real-time business verification, fraud checks, and other services to support business-to-business transactions.Vivid Seats Inc., a provider of technology that links ticket buyers and sellers, said it has closed on its acquisition of Betcha Sports Inc., …
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10 December
MX Technologies Brings Open Banking Data Views to Small And Medium Businesses
The momentum behind open banking has received another boost. Open-banking provider MX Technologies Inc. is partnering with upSWOT Inc. to enable small-to-medium-size businesses to connect their bank accounts to import transaction and account information to dashboards that allow them to view the overall health of their businesses. The dashboards offer …
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10 December
As BNPL’s Allure Continues to Grow, ISOs Set Out to Mine the Merchant Potential
The pandemic has lent momentum to a number of trends in digital payments, but one of the biggest is the buy now, pay later option. It shouldn’t be surprising, then, that providers of the service are now looking to sell the service to merchants of all sizes through the acquiring …